The 20W MA (pink) has never in Bitcoins history crossed below the 200W MA (blue).
In my previous post I showed that these MA's crossing would spark volatility. I personally didn't think they would cross and the bulls could save it but unfortunately it didn't work out that way. I really don't know what happens but tonight the MA's will finally touch or crossover due to week close. This could lead to a massive dump as the bulls are showing no signs of strength or recovery. I'm not short nor long. I am just waiting for the price to play out and as the FED has no interest in pivoting soon while BTC is hungry for the catalyst that would cause the price action to send it one way or another. The fear is real friends, I just choose not to partake in it.
This week is crucial. Tred carefully and be on high alert. You may get a great opportunity.
In my previous post I showed that these MA's crossing would spark volatility. I personally didn't think they would cross and the bulls could save it but unfortunately it didn't work out that way. I really don't know what happens but tonight the MA's will finally touch or crossover due to week close. This could lead to a massive dump as the bulls are showing no signs of strength or recovery. I'm not short nor long. I am just waiting for the price to play out and as the FED has no interest in pivoting soon while BTC is hungry for the catalyst that would cause the price action to send it one way or another. The fear is real friends, I just choose not to partake in it.
This week is crucial. Tred carefully and be on high alert. You may get a great opportunity.